Realty Income (NYSE:O) Stock Price Down 0.1% – Here’s Why

Realty Income Co. (NYSE:O) was down 0.1% during trading on Tuesday . The company traded as low as $56.00 and last traded at $56.19. Approximately 674,044 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 5,209,595 shares. The stock had previously closed at $56.25.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank of Canada cut their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Scotiabank lifted their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, UBS Group lowered their price objective on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $61.15.

Realty Income Stock Performance

The stock has a market capitalization of $50.82 billion, a P/E ratio of 53.52, a PEG ratio of 2.10 and a beta of 0.78. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $56.30 and a two-hundred day moving average price of $55.68.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. During the same period in the prior year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $0.2685 dividend. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income’s dividend payout ratio (DPR) is currently 292.73%.

Institutional Investors Weigh In On Realty Income

Institutional investors and hedge funds have recently bought and sold shares of the business. Tcfg Wealth Management LLC raised its holdings in Realty Income by 2.9% in the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 186 shares during the last quarter. N.E.W. Advisory Services LLC increased its holdings in Realty Income by 1.2% in the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock worth $899,000 after buying an additional 186 shares in the last quarter. Associated Banc Corp lifted its position in Realty Income by 1.9% during the first quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust’s stock valued at $595,000 after purchasing an additional 192 shares during the period. Romano Brothers AND Company lifted its holdings in shares of Realty Income by 2.0% during the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 200 shares during the period. Finally, Bay Rivers Group grew its holdings in shares of Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.